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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Why did Mr. Mallon initially state that the did not know the figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: If Mr. Mallon looks back at the transcript, he will find that was not the question asked.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: If I am one of those customers who lost their home and the analysis suggests it was as a consequence, what happens to me in the remedial scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: What is Mr. Mallon's reaction to the Central Bank's new rules on first-time buyers' deposits?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Is Mr. Mallon at all concerned that the interaction of the new rules and the help-to-buy scheme means that some first-time buyers could borrow over 95% of the value of a home?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Is it fair to say that the bank has a vested interest in property prices increasing, which is a reasonably likely consequence of these two changes and their interaction? The loan-to-value ratio for non-performing loans is 103%, which is a negative equity situation. The bank would benefit from an increase in property prices.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Most of the banks did not operate in that wise and sensible way the last time around so I will be surprised if they do so this time. My final question relates to buy-to-lets. There were 35 assisted voluntary sales and nine voluntary surrenders or judgments enforced. What has happened to the tenants in those cases? Have the tenants remained in place? I see that 18 rent receivers were in place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: The rights of the tenants are limited in these circumstances and once the bank indicates its intention to sell they have a notice period. I presume the bank follows the notice period as if the previous landlord was in place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: They the tenants get evicted and they may be homeless. How many people has the bank evicted over the past six months or year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: I am talking about cases where the bank sought vacant possession.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Does Mr. Blair not believe that losing one's home is quite an emotive experience?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: How many people-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: Can Mr. Blair give me an estimate of how many people may have lost their homes in this way?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Paul Murphy: I would appreciate it if Mr. Blair could get the figures for us.

Other Questions: Climate Change Negotiations (6 Dec 2016)

Paul Murphy: 41. To ask the Minister for Communications, Energy and Natural Resources if he received an invitation to the United Nations climate change conference in Marrakesh in the second week of November 2016. [36040/16]

Other Questions: Climate Change Negotiations (6 Dec 2016)

Paul Murphy: I understand the Minister attended the climate change conference in Marrakesh, COP 22. I ask him for a report of what happened there. I understand afterwards the Minister promised to set out a roadmap to transition to a low-carbon economy. I ask him to outline how that will happen.

Other Questions: Climate Change Negotiations (6 Dec 2016)

Paul Murphy: This is the No. 1 crisis of humanity. It threatens our planet and all of our people. Some 150,000 people die every year linked to climate change. What will be different this time? Last year the Taoiseach went to Paris and told the world Ireland was committed to addressing climate change. He said, "I hope that we are serious about putting in place a legally binding agreement on climate...

Other Questions: Climate Change Negotiations (6 Dec 2016)

Paul Murphy: For many of us it is horrifying that the world's most important political post is about to be held by a climate-change denier, Donald Trump, who has threatened to pull out of the Paris Agreement, pull out of the UN Framework on Climate Change, and has promised to increase fossil fuel production and as part of that drive, fracking. Did the Minister have discussions with any US...

Topical Issues Debate: EU Issues (6 Dec 2016)

Paul Murphy: It has been a very bad year for the political establishment in Europe. Former Prime Minister, David Cameron, is gone as a result of the impact of the result of the referendum on Brexit. President Francois Hollande will be gone as a result of his unpopularity as he is unable to stand even for the primary of the Parti Socialiste in France. Now, Prime Minister Renzi, the fresh-faced figure...

Topical Issues Debate: EU Issues (6 Dec 2016)

Paul Murphy: I have zero confidence that the political establishment across Europe will learn any of the lessons from this. As stated by Wolfgang Münchau:Some revolutions could have been avoided if the old guard had only refrained from provocation. There is no proof of a "let them eat cake" incident. But this is the kind of thing Marie Antoinette could have said. It rings true. The Bourbons were...

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